📢 Lily Liu, president of the Solana Foundation, has published a message on platform X, calling on the lending protocols of the ecosystem, Kamino and Jupiter Lend, to stop attacking each other and focus on market expansion. According to Lily Liu, the current size of the Solana lending market is around 5 billion dollars, while the Ethereum market is ten times larger, and the collateral market in traditional finance is even thousands of billions of times larger. Liu states: “We can attack each other (one-click loan position transfers, mockery, crude remarks, etc.), or we can choose to focus on capturing market share across the entire crypto sector and the TradFi market.”
According to previous reports, the COO of Jupiter Exchange, Kash Dhanda, recently addressed community concerns regarding their product Jupiter Lend, admitting that the claim that the treasury of Jupiter Lend posed a “zero contagion risk,” made in a deleted post, was not accurate. The Solana lending platform Kamino, fearing that Jupiter might mislead users about its risk model, has blocked the migration tool for Jupiter Lend. The co-founder of Kamino also criticized on X the claim by Jupiter that their vaults were isolated.
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